ZIGUP plc - Transaction in Own Shares
PR Newswire
LONDON, United Kingdom, May 29
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
29 May 2024
ZIGUP PLC
("ZIGUP" or the "Group" or the "Company")
Transaction in Own Shares
ZIGUP plc (LSE:ZIG) announces that on 29 May 2024 it purchased the following number of its own shares to be held in treasury:
Class of shares | : Ordinary shares of 50p ("shares") |
Number of shares purchased | : 50,000 |
Weighted average purchase price paid | 429.5 pence per share |
Highest purchase price paid | 430 pence per share |
Lowest purchase price paid | 429 pence per share |
Following the above transaction, the Company's issued share capital consists of 246,091,423 ordinary shares of 50p each, of which 19,864,362 ordinary shares are held in treasury, and 1,000,000 preference shares of 50p each which do not carry any rights to vote. Therefore, the total number of voting rights in the Company is 226,227,061 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018, the schedule below contains detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the Company's buyback programme.
Schedule of Purchases - Individual Transactions (as at 29 May 2024)
Number of shares | Transaction price | Time of transaction | Transaction reference number | Venue |
25,000 25,000
| 430.00 429.00
| 08:45:37 16:20:50
| 00070092837TRLO0 00070107289TRLO0
| LSE LSE
|
Notes
This announcement is made in accordance with the requirements of Listing Rule 12.4.6.
For further information contact:
Buchanan
David Rydell/Jamie Hooper/Hannah Ratcliff +44 (0) 207 466 5000
Notes to Editors:
ZIGUP (formerly Redde Northgate plc) is the leading integrated mobility solutions provider, with a platform providing services across the vehicle lifecycle to help people keep on the move, smarter. The Company offers mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across a broad range of areas from vehicle rental and fleet management to accident management, vehicle repairs, service and maintenance.
The mobility landscape is changing, becoming ever more connected and ZIGUP uses its knowledge and expertise to guide customers through the transformation, whether that is more digitally connected solutions or supporting the transition to lower carbon mobility through providing EVs, charging solutions and consultancy.
The Company's core purpose is to keep its customers mobile, smarter - through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur. With our considerable scale and reach, ZIGUP's mission is to offer an imaginative, market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth. The Group seeks to achieve this through the delivery of its new strategic framework of Enable, Deliver and Grow.
ZIGUP supports its customers through a network and diversified fleet of approx. 130,000 owned and leased vehicles, supporting over 700,000 managed vehicles, with over 175 branches across the UK, Ireland and Spain and a specialist team of over 7,500 employees. We are a trusted partner to many of the leading insurance and leasing companies, blue chip corporates and a broad range of businesses across a diverse range of sectors. Our strength comes not only from our breadth of our award-winning solutions, but from our extensive network reach, our wealth of experience and continual focus on delivering an exceptional customer experience.
Further information regarding ZIGUP plc can be found on the Company's website: www.zigup.com
